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Apr 23, 2013
04/13
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KGO
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apple now is dealing with defective iphones. two chinese newspapers report that apple returned 8 mill -- eight million iphones to china. it is not cheer clear which models are affected but apple is not experiencing iphone short averages and they could cost the company $250 million. executives have admitted that the iphone is the most difficult device they have assembled. >> netflix starts positive with shares for the company surging yesterday following the announcement they signed up two million new subscribers the first quarter closing up 11 points to $174.237 a share because of additional they say of new original programming including "house of cards" and "arrested development." the c.e.o. says that the company could one day have up to 20 original series streaming for customers. >> now don't want to spend time inside were whatting a movie because it is so gorgeous. >> more comfortable today. >> cooler than year. a little. but still warmer-than-average temperatures. remember the breezes from yesterday? they are still gusting in
apple now is dealing with defective iphones. two chinese newspapers report that apple returned 8 mill -- eight million iphones to china. it is not cheer clear which models are affected but apple is not experiencing iphone short averages and they could cost the company $250 million. executives have admitted that the iphone is the most difficult device they have assembled. >> netflix starts positive with shares for the company surging yesterday following the announcement they signed up two...
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Apr 24, 2013
04/13
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KOFY
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>> apple's decision to share cash comes in an interesting time today apple confirmed earnings dropped 18%. apple seems to be shoring up it's competence at the same time as consumers seemed to be lured away by competitors. one quarter doesn't make or break a company. but a drop does expect that margins have dropped. ceo tim cook told reporters he's frustrated but apple remains strong. apple has loyal consumers. >> when you think of a tech company what company comes to mind? >> apple. >> however, some perceptions of apple may be changing google has been very open about its foray into self driving cars and google glasses. >> this seems to dip into everything. google has kind of hit everything. >> i think google is getting justify bli a lot of credit. >> van baker tracks both companies but recognizes that google is prone to drop ideas as fast as it creates them. >> you don't know what projects goring to survive and they tend to pull the trigger on products and some projects that are quickly. >> he didn't say anything about this year. >> owning i do believe they're losing this because ther
>> apple's decision to share cash comes in an interesting time today apple confirmed earnings dropped 18%. apple seems to be shoring up it's competence at the same time as consumers seemed to be lured away by competitors. one quarter doesn't make or break a company. but a drop does expect that margins have dropped. ceo tim cook told reporters he's frustrated but apple remains strong. apple has loyal consumers. >> when you think of a tech company what company comes to mind? >>...
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Apr 23, 2013
04/13
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KRON
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apple, their expectations will be about $10 a share. >> let's just say it will be $7. what apple has to do is that they will have to say that they have this make up container. they have something that people will want to purchase. a long story short is that they wanted to be the first tight end user and charging full price and then h t cn samsung brought out a feature. apple just needs a product and people will respond. >> are you happy with what is coming out? >> yes. the second quarter will be the worst so the way i would judges is that it is so far so good. we have not fallen apart. companies like netflix are doing very well. we're not expecting anything from your. china is slowing down. this may be issued a fall down the road. the housing numbers are up. the demand for houses are high. this is helping people in our economy move forward. >> would check back with a rob at 9 sifting for the winners and losers. >> here's a quick check at weather. >> we are starting out with a live look from our roof cam. it is a clear start for most of us and we have however scene coas
apple, their expectations will be about $10 a share. >> let's just say it will be $7. what apple has to do is that they will have to say that they have this make up container. they have something that people will want to purchase. a long story short is that they wanted to be the first tight end user and charging full price and then h t cn samsung brought out a feature. apple just needs a product and people will respond. >> are you happy with what is coming out? >> yes. the...
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107
Apr 23, 2013
04/13
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KGO
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product keeping apple going. ceo tim cook told reporters he's very frustrated by the decline in his stock price. the secrecy could be one liability. speculation is rampant about what it's going to create next, an update or a game change nug product. because they don't want to buy something soon to be upgraded. it could create negative speculation. >> there is a lot of speculation about have they lost their edge? not able to bring new products to market anymore? >> consumers able to name other companies as innovateors. >> samsung right now, or google. >> google made a splash with its experimental glasses. and with self driving car. >> apple hardware is amazing but have you seen the google tab blet? it has a better screen. >> if that thinking spreads apple could be facing a challenge. >> are they still cape beable of bringing out something you didn't know you wanted then convincing millions of people to go buy it? >> apple announced raises by shareholders and apple sitting on a $145 billion in cash and short term i
product keeping apple going. ceo tim cook told reporters he's very frustrated by the decline in his stock price. the secrecy could be one liability. speculation is rampant about what it's going to create next, an update or a game change nug product. because they don't want to buy something soon to be upgraded. it could create negative speculation. >> there is a lot of speculation about have they lost their edge? not able to bring new products to market anymore? >> consumers able to...
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Apr 24, 2013
04/13
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KGO
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>> coming up at 6:00, apple reports the first earnings decline in a decade. how is that affecting c.e.o.? we have the poll what e >> the natural air conditioning from the bay area and mike will tell us where the temperatures will be in a couple of minutes. >> if you use a clipper card you may have fewer privacy worries in the future. transportation planners are voting to reduce the length of time your travel data can be storeed. right now they keep the information for up to seven years. the land is to reduce this to 4 1/2 years making it the same length of time that fast track data is saved. a lawmaker has introduced a bill to cut data retention time to six months but that is opposed. we will get the forecast from mike and an explanation for why they didn't turn the ac on, on the hottest day of the week waiting as the temperatures come down. mike? >> do you expect me to understand my wife? really, understand my wife? >> the house did not cool off after being so warm the day before. all that warm air trapped in there did not take so much to get it hot again. m
>> coming up at 6:00, apple reports the first earnings decline in a decade. how is that affecting c.e.o.? we have the poll what e >> the natural air conditioning from the bay area and mike will tell us where the temperatures will be in a couple of minutes. >> if you use a clipper card you may have fewer privacy worries in the future. transportation planners are voting to reduce the length of time your travel data can be storeed. right now they keep the information for up to...
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Apr 23, 2013
04/13
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KNTV
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some big earnings reports coming out today on wall street, not the least of which is apple. for more on that and the rest of our news before the bell, we turn to courtney reagan live at cnbc world headquarters. >>> good morning. futures are lower. that's after the market posted modest gains on monday. we will get data on new home sales and a ton of earnings. the dow rising 19 points. the nasdaq up 27 to 3233. apple reports earnings this afternoon with the stock in free-fall dropping about he low $400 after peaking above 400. analysts expect profits to shrink for the first time in a decade. police still selling a record number of iphones and pads. >> back to you. we'll see how they fair. thank you, courtney. christina loren has the day off. that means rob mayeda is in. i had the windows down. almost 70 right now. in napa and santa rosa. we have fog in parts of the coast. one of the stranger weather mornings you will see around the bay area. san francisco, we have north winds working into san francisco right now. you can see, it is 54 degrees. san francisco over toward oakland
some big earnings reports coming out today on wall street, not the least of which is apple. for more on that and the rest of our news before the bell, we turn to courtney reagan live at cnbc world headquarters. >>> good morning. futures are lower. that's after the market posted modest gains on monday. we will get data on new home sales and a ton of earnings. the dow rising 19 points. the nasdaq up 27 to 3233. apple reports earnings this afternoon with the stock in free-fall dropping...
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Apr 18, 2013
04/13
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KGO
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you can track your own traffic at apple app and google play. >> five things to know before you go. >> the only news returns in 60 >> as we hand things off to "good morning america" here are five things to know. the 1906 great earthquake commemoration was interrupted because of a bomb scare so the ceremony was moved because of a suspicious package but was moved back after the all clear. the suspicious package was nothing dangerous. >> number two, authorities say up to 15 people are dead and a number of injuries approaching 200 following a massive explosion at a fertilizer plants near waco, texas, and firefighters are among the dead. police say it is not clear how many could be trapped. >> develop news from boston, investigators say they now have clear video images of two men suspected in monday's boston marathon bombings that were so deadly. they plan to release the photos later today and they hope the public will be able to help them identify those two men seen in the video. >> those the pictures we are talking about right there. >> back here, san francisco police are investigating an
you can track your own traffic at apple app and google play. >> five things to know before you go. >> the only news returns in 60 >> as we hand things off to "good morning america" here are five things to know. the 1906 great earthquake commemoration was interrupted because of a bomb scare so the ceremony was moved because of a suspicious package but was moved back after the all clear. the suspicious package was nothing dangerous. >> number two, authorities say...
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Apr 24, 2013
04/13
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KRON
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pfft the decline in apple's stock price has been very frustrating but apple remains very strong in we will continue to do we do best. the life we remain very optimistic about our future, we have some very great stuff coming in the fall and across all of 2014. our teams are hard at work at some amazing new hardware, software services that we can't wait to introduce in 2014. we have a lot more surprises in the work and a potential of a new product category. >> we can expect a new phone, ipad and most likely apple into a new market. my guess is tv. that will be huge. but will talk about that in the fall. gabe slate, kron 4 news. >> a solar-powered plane with a unique look that took off this morning from moffett airfield in mountain view is passing over the golden gate bridge. here it is. you are looking at video from our helicopter partnership with abc7 enws. the lightweight plane, which has a wingspan of about 200 feet, flew above the bay area this afernoon. the swiss company that owns it -- solar impulse, says the plane runs completely on power from the sun drawn. it draws th energy fr
pfft the decline in apple's stock price has been very frustrating but apple remains very strong in we will continue to do we do best. the life we remain very optimistic about our future, we have some very great stuff coming in the fall and across all of 2014. our teams are hard at work at some amazing new hardware, software services that we can't wait to introduce in 2014. we have a lot more surprises in the work and a potential of a new product category. >> we can expect a new phone,...
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Apr 18, 2013
04/13
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KICU
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for a time today, apple shares fell below $400. they ended the day down more than $23 a share and way down from apple's all-time high of $705 a share. >>> fresh and easy says it is closing its u.s. stores. fresh and easy has more than 200 stores in california, nevada, and arizona, including several here in the bay area. the closures are expected to cost the company nearly $2 billion. fresh and easy says it hopes to sell the stores and save the jobs of its workers. >>> new developments in the case of audrey pott. >> first, the latest on our breaking news out of texas. we've been monitoring a late briefing in the past few minutes. what we've learned about the deadly explosion at a fertilizer plant. >>> more now on tonight's breaking news out of texas. where there has been a massive explosion in a fertilizer plant. initial reports indicate 60 to 70 people were killed, and more than 100 others injured. the explosion happened in the town of west. about 80 miles south of dallas. we heard from a texas member of public safety. he said the
for a time today, apple shares fell below $400. they ended the day down more than $23 a share and way down from apple's all-time high of $705 a share. >>> fresh and easy says it is closing its u.s. stores. fresh and easy has more than 200 stores in california, nevada, and arizona, including several here in the bay area. the closures are expected to cost the company nearly $2 billion. fresh and easy says it hopes to sell the stores and save the jobs of its workers. >>> new...
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Apr 24, 2013
04/13
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KTVU
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. >>> apple recorded its first declines in years. even so the cupertino company -- it also hinted it won't release any new products until the fall. apple stocks were down after trading. >>> new video tonight of a two alarm fire at a women's shelter. the women and children had evacuated. no one was hurt. the red cross is now helping find temporary shelter for those residents. >>> the santa clara county's sheriff office has released video. this video is from the 7/11 in unincorporated san jose. authorities are hoping someone can identify the man in the hooded sweatshirt. he was seen with another man in an orange sweatshirt. the victim was able to get away. the incident happened two months ago on valentine's day at 11:45 at night. >>> the parents of little leaguers made a plea to the vallejo city council for increased police reports. their request comes after two men got into an argument at a little league game last week and one fired shots at the other. at tonight's meeting city council members heard the comments just as they began to
. >>> apple recorded its first declines in years. even so the cupertino company -- it also hinted it won't release any new products until the fall. apple stocks were down after trading. >>> new video tonight of a two alarm fire at a women's shelter. the women and children had evacuated. no one was hurt. the red cross is now helping find temporary shelter for those residents. >>> the santa clara county's sheriff office has released video. this video is from the 7/11 in...
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Apr 18, 2013
04/13
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KTVU
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for a time today, apple shares fell below $400. they ended the day down more than $23 a share and way down from apple's all-time high of $705 a share. >>> fresh and easy says it is closing its u.s. stores. fresh and easy has more than 200 stores in california, nevada, and arizona, including several here in the bay area. the closures are expected to cost the company nearly $2 billion. fresh and easy says it hopes to sell the stores and save the jobs of its workers. >>> new developments in the case of audrey pott. >> first, the latest on our breaking news out of texas. we've been monitoring a late briefing in the past few minutes. what we've learned about the deadly explosion at a fertilizer plant. >> and a ktvu crew has just arrived on the scene of that officer involved shooting in san francisco. we'll tell you what we know so far. [ male announcer ] enjoy delicious chicken made the way you say at subwa. with our oven roasted chicken, now a $3 six-inch select. make it your own with melty monterey cheddar or creamy ranch. and during
for a time today, apple shares fell below $400. they ended the day down more than $23 a share and way down from apple's all-time high of $705 a share. >>> fresh and easy says it is closing its u.s. stores. fresh and easy has more than 200 stores in california, nevada, and arizona, including several here in the bay area. the closures are expected to cost the company nearly $2 billion. fresh and easy says it hopes to sell the stores and save the jobs of its workers. >>> new...
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Apr 24, 2013
04/13
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KICU
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. >>> apple recorded its first declines in years. even so the cupertino company -- it also hinted it won't release any new products until the fall. apple stocks were down after trading. >>> new video tonight of a two alarm fire at a women's shelter. the women and children had evacuated. no one was hurt. the red cross is now helping find temporary shelter for those residents. >>> the santa clara county's sheriff office has released video. this video is from the 7/11 in unincorporated san jose. authorities are hoping someone can identify the man in the hooded sweatshirt. he was seen with another man in an orange sweatshirt. the victim was able to get away. the incident happened two months ago on valentine's day at 11:45 at night. >>> the parents of little leaguers made a plea to the vallejo city council for increased police reports. their request comes after two men got into an argument at a little league game last week and one fired shots at the other. at tonight's meeting city council members heard the comments just as they began to
. >>> apple recorded its first declines in years. even so the cupertino company -- it also hinted it won't release any new products until the fall. apple stocks were down after trading. >>> new video tonight of a two alarm fire at a women's shelter. the women and children had evacuated. no one was hurt. the red cross is now helping find temporary shelter for those residents. >>> the santa clara county's sheriff office has released video. this video is from the 7/11 in...
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Apr 23, 2013
04/13
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KNTV
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it is pretty cool. >>> let's talk about apple, the big business story is going to be apple. the company reports profits. investors are in a bad mood. no matter what the quarterly numbers are, watch apple to be pessimistic about business going forward. that would be a strategic move by apple to push expectations down ward. on the market, dow industrial up 100 points. nasdaq up 23. netflix roaring ahead. millions of new subscribers. netflix bigger than hbo. up 23% this morning. it is up $41 to $215. however, that number right there, all-time high on netflix. they are not there yet. >> i remember that. bigger than hbo. kind of cool today. temperatures, i don't think so. specially if you are inland. let's check right now with meteorologist, rob mayeda in for christina. >>> you will see the numbers climbing into the 80s and upper 80s in a few spots. the areas in the orange, santa clara valley. the sea breeze will pick up as we hit toward the evening. big drop in temperatures, 60s and 70s in the bay area. >>> your commute still kicking in for this traffic tuesday. extra slowing so
it is pretty cool. >>> let's talk about apple, the big business story is going to be apple. the company reports profits. investors are in a bad mood. no matter what the quarterly numbers are, watch apple to be pessimistic about business going forward. that would be a strategic move by apple to push expectations down ward. on the market, dow industrial up 100 points. nasdaq up 23. netflix roaring ahead. millions of new subscribers. netflix bigger than hbo. up 23% this morning. it is up...
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Apr 23, 2013
04/13
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KTVU
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has lost some of its luster and apple is down from its all-time high in september. google could bring you more information and google is the service that tries to answer questions before the user even asks them. for example it could give you a heads up on your usual route home from work and adding it now, it could affect the area and it could be an option they could turn on and off. >>> time now 651, a historic post office in downtown berkeley, why it will not be a post office while they decide to sell the building. >>> traffic looks good heading off to the high-rise and we will tell you more about the morning commute. is it wrong to buy an entire outfit to match your mani-pedi? shop like a fashionista. not if you find something amazing for less than the price of it. save like a maxxinista. designer brands at t.j. prices. t.j.maxx. . >>> dow jones industrial average is up 14,000, nasdaq and s&p 500 is up and they are posting some gains, bay area net flicks is adding cards for some of that. >> time now 6:55 some bay area schools are seeing an increase in bomb threats
has lost some of its luster and apple is down from its all-time high in september. google could bring you more information and google is the service that tries to answer questions before the user even asks them. for example it could give you a heads up on your usual route home from work and adding it now, it could affect the area and it could be an option they could turn on and off. >>> time now 651, a historic post office in downtown berkeley, why it will not be a post office while...
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Apr 16, 2013
04/13
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WETA
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>> well, we all love apple products. the customer that you interviewed, sounds like my house at home. we have macs and ipads and the products are very intuitive. they have a great software eco system, we have come to expect innovation from apple and i think we will continue to see it in the future. you know, just because they have gone through a bit of a lull here let's not throw the baby out with the bath water. it's easy to forget that apple has generated tremendous profits and has over $130 billion on their balance sheets right now. >> it seems that their innovation has been more incremental. what do you think is their next big thing? >> hard to say. i think they will continue to innovate around the iphone and ipad products. i think we will see thinner ipads can and larger screen iphones and new things like fingerprint sensor. we have heard of them working on apple tvs and watches. i think people would use the watches while they are jogging or being at the gym. and there's a lot of people that would buy the apple tv t
>> well, we all love apple products. the customer that you interviewed, sounds like my house at home. we have macs and ipads and the products are very intuitive. they have a great software eco system, we have come to expect innovation from apple and i think we will continue to see it in the future. you know, just because they have gone through a bit of a lull here let's not throw the baby out with the bath water. it's easy to forget that apple has generated tremendous profits and has over...
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110
Apr 22, 2013
04/13
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KGO
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little direction, really, and the silicon valley index is potive a u quarter of a vestors will shares of apple closely, the quartey profit will shrink for the first time in a decade because of slow growth in iphone seems and the ipod maker reports results tomorrow. and the new c.e.o. of yahoo will talk about the don't work on home, the closing speaker at the great place to work conference, and she stopped in the middle of the remarks do address the elephant in the room, defending her decision on temperature communicating saying people are mob innovative when they are together and the best ideas coming from two different ideas together. forget wine, california is getting serious buzz over the beer. this is the craft beer movement booming across the country. the ten best according to "usa today" saying california topping the list of the best bw state in america with 268 craft breweries and countin me tha any other state. anors a house hold name across the country. >> thank you. i was at the giants game, guess who was the most popular opinion at at&t park yesterday? >> barry? >> a frozen lemonade
little direction, really, and the silicon valley index is potive a u quarter of a vestors will shares of apple closely, the quartey profit will shrink for the first time in a decade because of slow growth in iphone seems and the ipod maker reports results tomorrow. and the new c.e.o. of yahoo will talk about the don't work on home, the closing speaker at the great place to work conference, and she stopped in the middle of the remarks do address the elephant in the room, defending her decision...
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Apr 17, 2013
04/13
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KGO
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you may soon be able to buy a low cost cell phone from apple. they could sell up to 75 million low cost phones next year. they have not confirmed it maps to do so. >> a bill banning voice activated texting has passed the transportation committee undoing legislation passed last year allowing hand's free texting but an asex bringman says the new information is that the texting is just as distracting to drivers as regular texting. >> beef prices are at an all-time high. >> here is jane king with the bloomberg business report. >> beef prices are going up, and the composite retail price on beef cuts including choice beef and hamburger climbed to an all-time high of $4.92 a pound in march up 5 percent from a year ago. commodities experts say watch for demand to grow as the summer barbecue season heats up. set back if yahoo turn around efforts and the c.e.o., with a drop in key advertising business as rivals google and facebook gain ground. we had a higher close for stocks after a stronger than expected report on new home construction. forget rock clim
you may soon be able to buy a low cost cell phone from apple. they could sell up to 75 million low cost phones next year. they have not confirmed it maps to do so. >> a bill banning voice activated texting has passed the transportation committee undoing legislation passed last year allowing hand's free texting but an asex bringman says the new information is that the texting is just as distracting to drivers as regular texting. >> beef prices are at an all-time high. >> here...
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Apr 24, 2013
04/13
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KNTV
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apple said it would accelerate its stock buy back as well. fewer shares outstanding mean each share is worth more, a way of upping the share price. that worked just fine. >>> broader markets this morning and turn to jackie deangelis live at cnbc headquarters. good morning, jackie. >> good morning, scott. futures higher after stocks rose for a third day yesterday. the dow posting a gain on 15 straight tuesdays. that is the first time that that has happened since 1927. now, this all came despite a few minutes of panic midday when a fake tweet from the associated press caused markets to plunge briefly before recovering. the dow dropped 147 points in just three minutes while the move briefly wiped out about $146 billion in value from the s&p 500 index. many traders were able to cancel orders and wait for more information. several firms that use computer al algorithms to track profits may have lost. yesterday the dow closed up 152 points, 14,719. the nasdaq up 35 to 3,269. back to you. >>> nintendo has had trouble selling as many of those eu devic
apple said it would accelerate its stock buy back as well. fewer shares outstanding mean each share is worth more, a way of upping the share price. that worked just fine. >>> broader markets this morning and turn to jackie deangelis live at cnbc headquarters. good morning, jackie. >> good morning, scott. futures higher after stocks rose for a third day yesterday. the dow posting a gain on 15 straight tuesdays. that is the first time that that has happened since 1927. now, this...
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Apr 23, 2013
04/13
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KNTV
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today apple won a court decision ruling that apple did not violate a patent owned by rival google when it made the iphone. a big deal for twitter today about big money. the san francisco company signing a multi year deal said to be worth hundreds of millions of dollars. today the senate voting to move a bill forward that if passed would require sales tax to be collected on certain internet purchases. >>> the first look at google glass. it's the latest way of taking internet with you. we will show you what it can do tonight at 6:45. it is in the hands and over the eyes of a few people in the bay area and it is already getting a lot of attention. >> looking forward to seeing that story. >>> in the south bay a scare for a lot of shoppers. there were voluntary evacuations at valley fair mall this morning after a construction crew hit a gas line. a contractor hit the service line around 8:00 this morning. the line was properly marked. the leak was stopped by about 9:30 a.m. >>> byob in most of san mateo county. shoppers will have to bring their own bags or get charged at the grocery store.
today apple won a court decision ruling that apple did not violate a patent owned by rival google when it made the iphone. a big deal for twitter today about big money. the san francisco company signing a multi year deal said to be worth hundreds of millions of dollars. today the senate voting to move a bill forward that if passed would require sales tax to be collected on certain internet purchases. >>> the first look at google glass. it's the latest way of taking internet with you....
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Apr 23, 2013
04/13
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CNBC
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especially with apple. if it doesn't go down, i'll eat my shoe, maybe here live. >> thank you so much for watching, see you
especially with apple. if it doesn't go down, i'll eat my shoe, maybe here live. >> thank you so much for watching, see you
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393
Apr 18, 2013
04/13
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KRON
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watching apple's stock, apple at the $400 mark and down 758 a share. somomg,g, stop. jack, your new chipotle chicken club is craze amaze. annnd chipotle is totes trending. spspicicy crispy chicken, hicky smoked bacon,on memeltlting cheese, and smoky chipotle sauce plus fries anand d a drink for $4.99? tht combo is chipot-cray. anand d chipotle is my hashtag faveflave. lelet t me guess-you're the nw social media intern.nt yeyeahah! grgreaeat. i'm late for a mee. can you make some copies? .....w.with the tanning bede "the"tre are a some people who say it's the best yogurt they've ever tasted. and there are some people who haven't tasted it yet.t. delicious, nonfat, authenticic delicgreek strained yogurt.cic extraordinary fruit flavors.s. the fage total split cup. the fplain extraordinary." >> welcome back, we're tracking a major hot spot with a monster is back up on interstate 580 in the westbound direction. ec live video from the scene, the two right lanes remain blocked as we await a caltrans sweeper to pick up this. this is left over from a dual big rig accident that
watching apple's stock, apple at the $400 mark and down 758 a share. somomg,g, stop. jack, your new chipotle chicken club is craze amaze. annnd chipotle is totes trending. spspicicy crispy chicken, hicky smoked bacon,on memeltlting cheese, and smoky chipotle sauce plus fries anand d a drink for $4.99? tht combo is chipot-cray. anand d chipotle is my hashtag faveflave. lelet t me guess-you're the nw social media intern.nt yeyeahah! grgreaeat. i'm late for a mee. can you make some copies?...
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70
Apr 24, 2013
04/13
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KRCB
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eye 70
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what do investors see in apple? >> good morning. the latest financial results from the tech giant were better than most analysts predicted. still, investors see a loss of momentum because officials and apple saw their quarterly earnings fall for the first time in a decade. they say the decline in the january to march period stems from sales of lower priced products. officials said on tuesday their net profit tumbled nearly 18% year on year in the last quarter to less than $10 billion. earnings are down despite an 11% rise in sales to more than $43 billion. customers chose cheaper models with smaller profit margins. but chief executive, tim cook, said he's optimistic about apple's future and said the recent fall in the sre price has been frustrating to him and his staff but added the company's position remains strong. apple officials said they will share $55 billion in profit with stakeholders through dividends and share buybacks. investors see this decision as a way to ease tensions over apple's lackluster performance and falling st
what do investors see in apple? >> good morning. the latest financial results from the tech giant were better than most analysts predicted. still, investors see a loss of momentum because officials and apple saw their quarterly earnings fall for the first time in a decade. they say the decline in the january to march period stems from sales of lower priced products. officials said on tuesday their net profit tumbled nearly 18% year on year in the last quarter to less than $10 billion....
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Apr 24, 2013
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it is apple's first year-over- year profit decline in a decade. the stock is down $300 from the record high set back in september. but shares rose slightly today on word that the company is raising dividends and boosting a stock buy-back plan. >>> left lonely and hungry. still ahead, why hundreds of needy bay area seniors might stop getting the meals they rely on. >> so it was a widespread scam. >> how a bay area moving company tricked hundreds maybe thousands of customers over the past few years. ,,,,,,,,,,,,,, seniors may soon find themss seniors... may soon find themselves going hungry. as k-p-i-x 5's john ramos explains... the sequestor cuts... could slam the brakn eals on wheels" pr >>> hundreds of shutin bay area seniors may g hungry. as john ramos reports, the sequester cuts could slam the brakes on the meals on wheels program. >> reporter: kim is making her rounds. every six-weeks she volunteers to deliver lunches to shutin seniors as part of the contra costa meals on wheels program. >> they are older, disabled and don't have family to bri
it is apple's first year-over- year profit decline in a decade. the stock is down $300 from the record high set back in september. but shares rose slightly today on word that the company is raising dividends and boosting a stock buy-back plan. >>> left lonely and hungry. still ahead, why hundreds of needy bay area seniors might stop getting the meals they rely on. >> so it was a widespread scam. >> how a bay area moving company tricked hundreds maybe thousands of customers...
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Apr 24, 2013
04/13
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a big launch for apple? sure, it was even bigger for hp and dell, which have seen their pc businesses implode. now there's a new reason to care about apple. cash. apple boosted its dividend to $3.05 a share. making it the biggest dividend pair in the world. the total cash return to shareholders will total $100 billion by the end of 2015. >> yes, apple is managing to lower growth expectations, it's doing so because it's now suddenly losing share. the smart phone market is not saturad, butpple finds itself losing out to more diverse and better priced android alternatives. >> reporter: tim cooke acknowledged on the call that apple's growth has slowed and its margins are coming down a bit. what's a lot less clear is weather investors will continue to embrace it as a growth stock. either way, it's going to be an important story to watch for more than just apple stockholders. for nightly business report, i'm john fort. >> later in the program, we'll look at the new strategy samsung is employing as it tries to take
a big launch for apple? sure, it was even bigger for hp and dell, which have seen their pc businesses implode. now there's a new reason to care about apple. cash. apple boosted its dividend to $3.05 a share. making it the biggest dividend pair in the world. the total cash return to shareholders will total $100 billion by the end of 2015. >> yes, apple is managing to lower growth expectations, it's doing so because it's now suddenly losing share. the smart phone market is not saturad,...
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Apr 18, 2013
04/13
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. >>> apple below $400 a share at 3 $399. google around microsoft report profits. take a look at the fun video. from san francisco, 10,000 iphones lined up and falling like dominos. who has 10,000 iphones. it is cgi. they thought, what better way to advertise their skills than to make an incredibly cool youtube video. it took a month for them to put it together and studied how iphones call against carpet. >> it looked pretty realistic. a little mind-blowing on apple. >>> that's what's happening "today in the bay" as we leave you today. a live look at the cathedral of the holy cross in boston where president obama will attend a prayer service along with the first lady, of course, in honor have the victims of the boston marathon bombings. the crowd has already assembled there. we will be back with a local live news update at 7:25 this morning. >>> and every half hour of that, we will leave you with this shot as people gather prayer and come together to try to heal in boston. see you tomorrow. have a great day! breaking news. extreme devastation. that's how officials
. >>> apple below $400 a share at 3 $399. google around microsoft report profits. take a look at the fun video. from san francisco, 10,000 iphones lined up and falling like dominos. who has 10,000 iphones. it is cgi. they thought, what better way to advertise their skills than to make an incredibly cool youtube video. it took a month for them to put it together and studied how iphones call against carpet. >> it looked pretty realistic. a little mind-blowing on apple. >>>...
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Apr 24, 2013
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apple is sharing down $5 to $401 a share. pam cook, ktvu channel 2 news. >>> let's bring you up to date on some of the other top stories we're following for you right now. we're finding out new information about the suspected mastermind about the boston marathon bombs. the paper reports that tamerlan tsarnaev was living on state welfare benefits at the very same time he was embracing radical, anti-american political views. there's also word the boston marathon bombings was planned a week before the race. >>> m.i.t. is getting ready to hold a memorial service for the campus police officer allegedly assassinated last week by the bombing suspect. the memorial follows yesterday's funeral for sean collier. vice president is expected at the private service this morning. >>> here at home a very important meeting on fixing those bad bolts on the new bay bridge. it will start in about 45 minutes from right now. caltrans will tell us what they are doing to fix the problem. it's been raising safety concerns about the new eastern span. k
apple is sharing down $5 to $401 a share. pam cook, ktvu channel 2 news. >>> let's bring you up to date on some of the other top stories we're following for you right now. we're finding out new information about the suspected mastermind about the boston marathon bombs. the paper reports that tamerlan tsarnaev was living on state welfare benefits at the very same time he was embracing radical, anti-american political views. there's also word the boston marathon bombings was planned a...
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Apr 23, 2013
04/13
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the big business story is apple. apple reports profits after the closing bell. this is a company that makes a staggering amount of money. they made $54 billion in revenue last quarter, more than $150 billion in cash. when you compare the company's stock prices, $398 to its earnings, the stock is mathematically very cheap, as cheap or cheaper mathematically than some real dogs, h.p., dell, apple. we will see where it will go from here. >> the one to watch. very interesting. the numbers are mind blowing. i would say. >> 5:55 right now. still ahead. san jose police department under the microscope. the key question. why did the chief block a plan to stop racial profiling? >> the prominent bay area attorney who admits to smuggling a hit list out of jail. we'll tell you about the punishment she is facing coming up. >>> taking a live look outside. san francisco, beautiful. you can see the marina there. pretty warm temperatures as well. how warm? how high? we'll check the forecast for you. a lot more news ahead. 5:56. star command, i'm detecting high levels of happiness
the big business story is apple. apple reports profits after the closing bell. this is a company that makes a staggering amount of money. they made $54 billion in revenue last quarter, more than $150 billion in cash. when you compare the company's stock prices, $398 to its earnings, the stock is mathematically very cheap, as cheap or cheaper mathematically than some real dogs, h.p., dell, apple. we will see where it will go from here. >> the one to watch. very interesting. the numbers are...
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Apr 23, 2013
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we're watching apple. apple shares lower lease their quarterly earnings after the closing bell today. we have the same story would los gatos based net flicks of yesterday's. let us talk about net flicks. they have their quarterly earnings come out. the big news is that net flicks added 2 million u.s. cars to is video streaming service for the first three months of the year. but here it was highlighted by the early february debut of house of cards, a critically acclaimed series made exclusively for net flicks. this is trevor rowe health net flicks bows back from a loss the same time last year and generate revenue slightly above analysts' projections. it was but the ground were up $11. the free market net flicks shares are up $43. that is almost with a 5%. net flicks is a stock that went from 300, down to 50 and right now it is up to 217. james barrett i'm a fan of that flicks. >> the nation's biggest banks are rolling out the next generations of atms. the latest models feature video chatting with a live tel
we're watching apple. apple shares lower lease their quarterly earnings after the closing bell today. we have the same story would los gatos based net flicks of yesterday's. let us talk about net flicks. they have their quarterly earnings come out. the big news is that net flicks added 2 million u.s. cars to is video streaming service for the first three months of the year. but here it was highlighted by the early february debut of house of cards, a critically acclaimed series made exclusively...
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Apr 24, 2013
04/13
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apple's earnings failing to interest the street sales. it turns out to be about 125 million shares, which is about 12, 15% of the float. if we lead net income and have that smaller shareholder base and we leave the pe multiple flat, that gets the fair value right there at 477, versus where the stock is. >> right. we're assuming no products necessarily. >> no new products. but they do continue to sell their current products. and no gross margin. still out of favor. the name. so to me, i like that capital allocation plan a lot. >> if they sell 25, 26 million iphones in the next quarter, do you still feel the same way? >> 25 or 26? that depends. did they not sell them. i think we'll see improvement in the ipad margins. i don't know about the mac and we may see iphone margins compressed. but i do think that, you know, eventually they will come out with something new. >> they are also supposed to be releasing the s 4 but they be short. samsung is still growing. these guys also have a huge semi conductor business. people talk about apple and it
apple's earnings failing to interest the street sales. it turns out to be about 125 million shares, which is about 12, 15% of the float. if we lead net income and have that smaller shareholder base and we leave the pe multiple flat, that gets the fair value right there at 477, versus where the stock is. >> right. we're assuming no products necessarily. >> no new products. but they do continue to sell their current products. and no gross margin. still out of favor. the name. so to...
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Apr 24, 2013
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. >> an apple away may keep the doctor away but does apple the company need healing of its own? a big shareholder is here with changes he says must happen to turn the stock around. is the economy about to turn down? more weak numbers today. we'll talk the economic fate of 2013. plus if the newspaper business is dying, why are newspaper stocks flying? we're going to take you inside best buy's big new bet. mandy? >> the nasdaq is now rising around the break even mark for the month of april even though the dow and s&p are still favoritable for the month. >> i have waited a while. with a respectable amount of time. 30% of the s&p 500 has reported. look at thooes declines today. it's a big issue. let me show you the decrease in top line growth that we have seen. just a year and a half ago we were getting 10% increases in the top line. look all the way up here. look how this has decelerated. we're looking at 2.9%. if this continues we will have almost 0. the average is 61%. let me just show you what is going on today. we have got a lousy economic data out of europe. we have got all th
. >> an apple away may keep the doctor away but does apple the company need healing of its own? a big shareholder is here with changes he says must happen to turn the stock around. is the economy about to turn down? more weak numbers today. we'll talk the economic fate of 2013. plus if the newspaper business is dying, why are newspaper stocks flying? we're going to take you inside best buy's big new bet. mandy? >> the nasdaq is now rising around the break even mark for the month of...
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Apr 17, 2013
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the s&p 500 was down 22 and the nasdaq down by 60 points dragged down by shares of apple which dipped below $400 a share today before closing at $402. that after cirius logic hinted at a slowdown in production iphones d ipads. >>> jp morgan chase with a 3.5% decline. bob fasanni has more on today's action in the markets from the floor of the new york stock exchange. >> reporter: it was another whip saw day that started ugly right off the bat. the problem is that key commodities like copper, aluminum and nickel were again dropping at essentially 52-week lows, all on concerns out slowing global growth. key commodities hit 52-week lows as well. and while commodity stocks like materials and energy suffered, there were also notable decline in industrials and in financials like bank of america which missed earnings estimates. and in technology stocks, tech bell whether apple hit a new 52-week low on concerns whether slowing iphone and ipad sales. the market stays a modest midday whetheword being made in the boston marathon investigation and, again, moved down toward the close. >> the proble
the s&p 500 was down 22 and the nasdaq down by 60 points dragged down by shares of apple which dipped below $400 a share today before closing at $402. that after cirius logic hinted at a slowdown in production iphones d ipads. >>> jp morgan chase with a 3.5% decline. bob fasanni has more on today's action in the markets from the floor of the new york stock exchange. >> reporter: it was another whip saw day that started ugly right off the bat. the problem is that key...
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Apr 19, 2013
04/13
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in today's cover story, can samsung's latest smartphone steal apple's thunder? plus, the shocking profits behind blogging from home. the true story of a dot-com mom. and, hot times in traders unplugged. the guys break down how to make money off tv and beer. first business starts now! you're watching first business: financial news, analysis, and today's investment ideas. good morning. it's friday, april 19th. i'm angela miles. in today's first look: earnings hits and misses move the market. stocks sold off on the busiest day so far of corporate profit news. the dow fell 81 points. ebay was a drag on the nasdaq, which dropped 38; the s&p declined 10. gold and oil rallied. thursday was a big night for tech earnings. ibm was a shocker - big blue had a miss. the company noted weakness in tech spending. google topped estimates - its core advertising showed growth. microsoft also did better than expected; however, window 8 sales may be moderate. also, the cfo is leaving the company. here's a good one: vertex pharma shares raced up more than 50% after the bell. the comp
in today's cover story, can samsung's latest smartphone steal apple's thunder? plus, the shocking profits behind blogging from home. the true story of a dot-com mom. and, hot times in traders unplugged. the guys break down how to make money off tv and beer. first business starts now! you're watching first business: financial news, analysis, and today's investment ideas. good morning. it's friday, april 19th. i'm angela miles. in today's first look: earnings hits and misses move the market....
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Apr 23, 2013
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is apple? >> you have to look a little bit going forward, and apple had strong demand in china, and the number of stores opening there is actually pretty fast. they are going fast there, so that's one thing so keep an eye on international growth, but also look at the fundmental disruption apple's doing now. interesting piece of data, the increase of ipad unit sale, year on year, jives up really nicely -- increased by 8 million yiewns, that's about how much the pc market declined if you add up -- gerri: wow. >> add up hp, dell, and others. gerri: very interesting, and, yet, those profits this quarter down for the first time in ten years, and personal look at that and think it's over. new management, concerns that steve jobs is not there. what do you think? >> it's a maturing company. you see increases in dividends and buybacks. there's been a buyback authorized for ten years, done nothing with it. today, they promised to spent $60 billion just on share buybacks alone. a hundred billion at averag
is apple? >> you have to look a little bit going forward, and apple had strong demand in china, and the number of stores opening there is actually pretty fast. they are going fast there, so that's one thing so keep an eye on international growth, but also look at the fundmental disruption apple's doing now. interesting piece of data, the increase of ipad unit sale, year on year, jives up really nicely -- increased by 8 million yiewns, that's about how much the pc market declined if you...
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Apr 17, 2013
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in the apple version the pop ups are confined to the apps itself. >>> the news was mixed today if yahoo. add revenue dropped 11% from the same quarter last year. but earnings rose 36% which was better than analysts expected. marisa myers says the company is on the right track. but u.s. sales fell 11% in extended training. >>> the line up for today's festival was announced today and it includes a huge headliner. yeah, paul mccartney is going to headline along with the red hot chili peppers and nine inch nails. you can go to our website ktvu.com for the full line up and more details just look under today's hot topics. >>> we're following developing news right now, a highway collision has left a pedestrian dead. what we learned after the break. >>> phil martin tracking some changes in our weather. at 10:45 he's back with the trends you're going to notice for the rest of the week. ♪ ♪ [ engine revs ] [ female announcer ] small... [ engine revs ] wicked... ♪ and now... ♪ topless. ♪ the fiat 500 abarth cabrio. ♪ >>> in wall nothing -- in walnut creek and across the nation flags ar
in the apple version the pop ups are confined to the apps itself. >>> the news was mixed today if yahoo. add revenue dropped 11% from the same quarter last year. but earnings rose 36% which was better than analysts expected. marisa myers says the company is on the right track. but u.s. sales fell 11% in extended training. >>> the line up for today's festival was announced today and it includes a huge headliner. yeah, paul mccartney is going to headline along with the red hot...
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Apr 24, 2013
04/13
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you've been following apple for a long time. there is a lot to sink our teeth into here with apple. what do uuthink about this? because adam shapiro was painting a pretty rosy picture. i think the stock is jumping a lot on increase in the dividend, 15% we're looking at increase in the share buyback program, blowing it out to $100 billion. that was an incree of 50 billion. i don't, there is bad news in there too, right? >> sure. there was some bad news in that they are significantly lowering revenue and earnings guidance for the next quarter from what wall street had been expecting. melissa: right. >> that shouldn't please anybody. i think all of the increase is attributable to the increase in the cash they plan to return to shareholders. melissa: yeah. >> there is wonky point that adam didn't mention which is they mentioned in their earnings release they are going to take on debt although they haven't said yet how much and exactly how they're going to do that. this is very significant for apple watchers because steve jobs hated debt. and the fact that they're going to do this tells
you've been following apple for a long time. there is a lot to sink our teeth into here with apple. what do uuthink about this? because adam shapiro was painting a pretty rosy picture. i think the stock is jumping a lot on increase in the dividend, 15% we're looking at increase in the share buyback program, blowing it out to $100 billion. that was an incree of 50 billion. i don't, there is bad news in there too, right? >> sure. there was some bad news in that they are significantly...
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Apr 23, 2013
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apple has a gigantic cash hoard. over $150 a share in cash and we really are happy that they're putting that to work especially when you can buy the stock here at these very inexpensive valuations. >> we are trading at less than ten times earnings for one of america's greatest corporations and yes, i know that earnings were a little disappointing in terms of th guidance her f the next quarter, but this is a fantastic company with tremendous products and a huge, installed base of rabid customers. yes, they're going through a little bit of a product lull here now as we wait for the next big thing, and of course, that's what's on everybody's mind as we go forward. >> you've been taking some profits prior to recently. you've been buying the stock for some kientclients. if i didn't own the stocks based on your numbers and i'm not asking you to be a portfolio manager, i'm just saying, would you buy it at these prices? >> tyler, i am a portfolio manager and i would be a buyer of the stock at these prices and maybe it will p
apple has a gigantic cash hoard. over $150 a share in cash and we really are happy that they're putting that to work especially when you can buy the stock here at these very inexpensive valuations. >> we are trading at less than ten times earnings for one of america's greatest corporations and yes, i know that earnings were a little disappointing in terms of th guidance her f the next quarter, but this is a fantastic company with tremendous products and a huge, installed base of rabid...
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Apr 24, 2013
04/13
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so i think two things on apple. on the positive side, they did a very significant return of cash to shareholders at the very high end, i think of where investors were hoping. and all else being equal, that was a positive. on the flip side, there was evidence of gross margin pressure in the quarter. they were down sequentially, and the company guided for gross margins to go down again sequentially next quarter. and this is worrisome, because apple is at the part of its product cycles where it's introduced new products where typically gross margins should be improving. so to see margins down, even adjusting for mixed effects, we believe iphone margins were down in the quarter, is worrisome. and it points to, you know, a mix shift to lower models within apple's lineup, which generally have lower margins. and, you know, ultimately, micros margins numbers came down and my estimates came down and my price target came down commensurately. >> but your rating remains outperform, right? you're still telling people you think i
so i think two things on apple. on the positive side, they did a very significant return of cash to shareholders at the very high end, i think of where investors were hoping. and all else being equal, that was a positive. on the flip side, there was evidence of gross margin pressure in the quarter. they were down sequentially, and the company guided for gross margins to go down again sequentially next quarter. and this is worrisome, because apple is at the part of its product cycles where it's...
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Apr 18, 2013
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shar >>> apple stock dipped below $400 today for the first time in a year and a half. shares fell from an all-time high in september of $705 to close at $402 this afternoon. earlier in the day, the price got as low as $398. stock plunged after an apple supplier said there's less demand for ipods and iphones. >>> "fresh & easy" is just a name but there's nothing easy about the grocery chain's financial future. about 18 stores in the bay area are one step closer to closing down. kpix 5's da lin on how the chain may have made a marketing mistake. [ beep beep ] >> reporter: it has not been easy for the "fresh & easy" grocery chain. the chain announced today it lost billions of dollars and its british parent company tesco is packing its bags and leaving the u.s. market. >> we just love shopping here. it would be a shame if they shut down. >> reporter: shoppers like the prices and the organic products. >> everything is fresh. i got this whole bag for just $25. >> we dropped safeway and started coming here a lot more. >> reporter: the chain launched in november 2007 right bef
shar >>> apple stock dipped below $400 today for the first time in a year and a half. shares fell from an all-time high in september of $705 to close at $402 this afternoon. earlier in the day, the price got as low as $398. stock plunged after an apple supplier said there's less demand for ipods and iphones. >>> "fresh & easy" is just a name but there's nothing easy about the grocery chain's financial future. about 18 stores in the bay area are one step closer to...
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Apr 22, 2013
04/13
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a top analyst gives us his buy case for apple. and later on the dreaded triple top and why one trader believes it is here for the s&p 500. [ male announcer ] when gloria and her financial advisor made a retirement plan, they considered all her assets, even those held elsewhere, giving her the confidence to pursue all her goals. when you want a financial advisor who sees the whole picture, turn to us. wells fargo advisors. who sees the whole picture, turn to us. at tyco integrated security, we consider ourselves business optihow?rs. by building custom security solutions that integrate video, access control, fire and intrusion protection. all backed up with world-class monitoring centers, thousands of qualified technicians, and a personal passion to help protect your business. when your business is optimized like that, there's no stopping you. we are tyco integrated security. and we are sharper. >> >> we will be watching shares of apple when the company reports second quarter earnings. concerns have had investors running for the exi
a top analyst gives us his buy case for apple. and later on the dreaded triple top and why one trader believes it is here for the s&p 500. [ male announcer ] when gloria and her financial advisor made a retirement plan, they considered all her assets, even those held elsewhere, giving her the confidence to pursue all her goals. when you want a financial advisor who sees the whole picture, turn to us. wells fargo advisors. who sees the whole picture, turn to us. at tyco integrated security,...
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Apr 24, 2013
04/13
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. >> and then, how about apple? hovering around $400 a share, failing to impress shareholders with t earnings last night. but is wall street just overreacting to what is still a very profitable, strong company? >> tim cook admits, they are a mature technology company. doesn't make them a bad company, though, right? >> but does it make them valued at 700? >> that's the question. >> just how big a threat are the hacks like we saw at that fake ap tweet yesterday to the market's integrity. cfte commissioner bart shulton weighs in on that. he wrote an op-ed piece today and we'll get his comments, coming up. >> the dow jones industrial average down just a fraction. been a negative day all day, but we are off of the worst levels, 14,712, last trade of the blue chip average. nasdaq looks like this, highest level of the day. in positive territory, keeping in positive territory with a gain of about seven points but a quarter of a percent. s&p 500 looks like this, similar chart pattern as the nasdaq, where it too hovers a to t
. >> and then, how about apple? hovering around $400 a share, failing to impress shareholders with t earnings last night. but is wall street just overreacting to what is still a very profitable, strong company? >> tim cook admits, they are a mature technology company. doesn't make them a bad company, though, right? >> but does it make them valued at 700? >> that's the question. >> just how big a threat are the hacks like we saw at that fake ap tweet yesterday to...